HP Inc.’s stock price (HPQ) declined in latest intraday trading, amid the dominance of the main downward trend in the short term and trading alongside a descending trend line. This move is accompanied by negative signals streaming from the Stochastic after reaching extremely overbought levels, and the stock has now broken below the support of the 50-day SMA — adding further negative pressure.
Therefore we expect the stock to decline in upcoming trading, as long as it remains below the price of $26.26, targeting the first support level at $23.45.
Today’s price forecast: Bearish
Accenture plc’s stock price (ACN) extended its decline in latest intraday trading, amid the dominance of the main downward trend in the short term and trading alongside a descending trend line, with ongoing negative pressure from trading below the 50-day SMA. This drop positions the stock to potentially break the pivotal support level of $276.00, especially with negative signals streaming from the Stochastic after previously reaching extremely overbought levels.
Therefore we expect the stock to decline further in upcoming trading, particularly if it breaks the mentioned support of $276.00, targeting the next support level at $261.00.
Today’s price forecast: Bearish
Linde plc’s stock price (LIN) edged slightly lower in latest intraday trading, with negative signals streaming from the Stochastic and ongoing pressure from trading below the 50-day SMA. However, the stock continues to move alongside a short-term upward correctional trend line, and this dip may help it gather positive momentum that could support a potential recovery and relieve the ongoing downside pressure.
Therefore we expect the stock to rise in upcoming trading, but only if it first breaches the resistance level of $471.95, targeting the pivotal resistance of $487.50.
Today’s price forecast: Bullish
The price of (Brent) settled low at its last intraday levels, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the emerging of the positive signals on the (RSI), after reaching oversold levels, on the other hand, the price is under negative pressure due to its trading below EMA50.